Market News
UVM Health Network To Relocate Captive Insurance Company to Vermont
The University of Vermont (UVM) Health Network has announced it will move its captive insurance company from Bermuda to Vermont. The change is the outcome of a unanimous decision by the Board of Directors of VMC Indemnity Company, Ltd., the health network subsidiary that provides medical malpractice insurance coverage for its medical providers. Read More
IAIS Releases Consultation Paper on Systemic Risk
The International Association of Insurance Supervisors (IAIS) has released a consultation paper regarding systemic risk in the insurance industry. The IAIS is seeking input on the paper by market participants by February 15, 2018. We provide a summary of the paper and argue that captive insurers should provide responses. Read More
2017 "Workers' Compensation Benchmarking Study" Releases Best Practices Report Card
The recent 2017 "Workers' Compensation Benchmarking Study" measures industry-wide advancement in claims management over the past 3 years. The study validates how and what higher performers are doing differently than lower-performing peers to reveal a robust profile of the successful claims organization. Read More
NAIC Releases Property-Casualty Profitability Report by Line by State
The National Association of Insurance Commissioners (NAIC) released the "Report on Profitability by Line by State in 2016." The report estimates and allocates profitability in property-casualty insurance on a countrywide basis by state and by insurance line. The report can be utilized in further analysis of competition and market performance. Read More
First Secondary Market Securities ILS Blockchain Trade Completed
Two funds have performed a secondary market insurance-linked securities (ILS) blockchain trade in notes that were digitized on a private blockchain set up by Solidum Re, a Guernsey incorporated cell company. Read More